How to Take Control of Your Finances: 7 Top Uses of Money Management Tools
Keeping track of bank accounts and other investments, getting out of debt, saving up for retirement, or simply balancing a checkbook are only some of the few essential money matters that most people would like to successfully juggle yet fail to do so most of the time.
CD vs. Savings Account
If the economic crisis has taught us anything, it is the fact that it is unrealistic to expect the same yields we had in previous yields. Basically, expectations have to be lowered and the worst should be expected. Take the example of 401(k) plans. Previously, these investments were earning around 10% a year. Now, investors would be lucky if they don’t lose money. In the same way, investors also need to lower their expectations for certificates of deposit (CD) and savings accounts. On March 30th 2009, the average interest rate for 12 months CDs was pegged at 1.76%. This is a far cry from its peak in 2007.
Huntington Bank Introduces Virtual Backpack Aimed at Teaching Children Money Management Skills
At www.huntingtonforschools.com students drag school supplies electronically into a virtual backpack to see the total cost add up. The online feature is the latest component of the annual Huntington Backpack Index, a reference for smart shopping that can help teach children about budgeting and bargains. The 2008 Huntington Backpack Index indicates that parents need to be prepared to spend $385 for elementary school children, $551.81 for middle school children and $911 for high school students. Huntington also found that many schools are requiring more electronic devices such as flash drives as well as more elaborate organization tools such as notebooks and planners.
Michigan Heritage Bank offers amazing 5.50% APY for opening checking acount
Michigan Heritage Bank, a full-service community bank in the Detroit area, has announced the launch of its iEarn checking account. This account will pay 5.5% annual percentage yield to customers who meet the requirements of the account. To read full article about this please visit freep.com
Rewards and Cash Back Offers for New Accounts
Do you like cash back and free gifts? Check out these offers running now across the banks. Qualify for gift cards, free iPods, or just plain cash for opening accounts with these banks. Get the Chase Freedom Visa Card today, and earn 5,000 points automatically that you can spend like cash. Additionally, get $50 back with your first purchase. To apply, click here You’ll receive up to a $125 value when you sign up for a Free Checking Account with Commerce Bank. To open an account, go to Commerce Bank. Flagstar Bank will put $100 in your account, when you open a checking account with them. Click here for the promotion.
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